Day Trading Guide For December 4

 

Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:

₹2113 • HDFC Bank

S1

S2

R1

R2

COMMENT

2100

2085

2126

2140

Fresh long positions are recommended with a fixed stop-loss only if the stock moves beyond ₹2,126 levels

 

₹669 • Infosys

S1

S2

R1

R2

COMMENT

660

650

680

690

Make use of intra-day dips to buy the stock of Infosys while maintaining a stiff stop-loss at ₹660 levels

 

₹283 • ITC

S1

S2

R1

R2

COMMENT

280

277

287

290

Initiate fresh short positions with a fixed stop-loss only if the stock of ITC falls below ₹280 levels

 

₹142 • ONGC

S1

S2

R1

R2

COMMENT

140

137

146

149

Consider initiating fresh long positions with a tight stop-loss if the stock advances above ₹146 levels

 

₹1156 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1140

1125

1170

1185

Initiate fresh long positions with a stiff stop-loss only if the stock of RIL reverses higher from ₹1,140 levels

 

₹287 • SBI

S1

S2

R1

R2

COMMENT

282

275

292

297

Fresh long positions can be initiated with a tight stop-loss only if the stock moves beyond ₹292 levels

 

₹1982 • TCS

S1

S2

R1

R2

COMMENT

1960

1940

2005

2025

Go long if the stock of TCS rallies above ₹2005 levels while maintaining a fixed stop-loss

 

10924 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10875

10825

10975

11025

Fresh long positions can be initiated with a tight stop-loss only if the contract rebounds up from 10,875 levels

 

S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.

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